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Follow on Google News | Let's Check Out Roller coaster Ride of Share Market- Weekly ForecastWhen you are entering in share market it is good to analyze it once. This content will tell you how will be the market in upcoming week. So here we are exploring all the aspects which will affect nifty/bank nifty.
Nifty View Equity benchmark indices extended gain in the noon trade on Friday ahead of exit polls outcome on Sunday as well as the rally led by FMCG, auto, financial services and media stocks. The market breadth was positive on the NSE with 936 shares advancing, 746 shares declining, and 410 remaining unchanged. Nifty saw pull back from 20 DMA on weekly chart which is sign of buying in coming session. Bank Nifty View Bank Nifty snaps three weeks of losing streak and end the week on green zone ahead of exit polls outcome on Sunday as well as saw pull back from its 20DMA on weekly charts. For now 30250 seen as immediate resistance while on lower side 28550 will act as a support for now. NEWS CORNER 1. Shares of JK Tyre fell nearly 3 percent intraday on May 17 after the company reported a 78.81 percent decline in consolidated net profit at Rs 33.66 crore for the quarter ended March 2019 due to high raw material costs and expenses. The company had posted a consolidated net profit of Rs 158.87 crore in the year-ago period. 2. Jubilant Industries Q4: Net loss at Rs 5.16 crore versus Rs 3.37 crore, revenue up 28.6% at Rs 142 crore versus Rs 110 crore, YoY 3. Shares of Jet Airways added more than 4 percent after Darwin Group reportedly offered Rs 14,000 crore to acquire the grounded airline. The Mumbai-based company reportedly met with SBI-led consortium of lenders on May 15 to discuss Group's unsolicited bid for crisis-hit Jet Airways. Darwin Group's mega offer is to take over the entire liabilities of the beleaguered carrier, said CEO of the company. 4. Share price of Bajaj Finance rose 4 percent intraday on May 16 after company reported 57 percent jump in its Q4FY19 consolidated net profit at Rs 1,176 crore against Rs 748 crore in a year ago period. Net interest income (NII) was up 50% at Rs 3,395 crore versus Rs 2,265 crore. Net NPA of the company was at 0.63 percent, while Gross NPA stood at 1.54 percent, QoQ. 5. Manappuram Finance approve to acquire 100% equity shares of Manappuram Asset Finance for Rs 34.21 crore 6. Punjab & Sind Bank reviewed the Marginal Cost of Fund Based Lending Rate (MCLR) for different tenors and the same will be effective from 16.05.2019. 7. Action Construction Equipment (ACE) approved the proposal to buyback company's fully paid-up equity shares for an aggregate amount not exceeding Rs 34.25 crore for a price not exceeding Rs 125 per equity share. STOCK OUTLOOK MARUTI FUT :- Stock gains and able to give breakouts of its immediate resistance and sustain above it which further indicates buying in stock. Stock in ban period JETAIRWAYS. Most Active Bank Nifty option Scrip Strike price Option type Open Interest Bank Nifty 29000 PE 98320 Bank Nifty 29000 CE 87700 Bank Nifty 28500 PE 81420 What We Are:- StarIndia Market Research (https://www.starindiaresearch.com/ Technically: End
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